Year: 2018

  • We always strive for the convenience of our users. We received a lot of positive feedback to have a mobile app to increase the accessibility and ease to use. So here we are with the all new mobile app. The App enables you to upload quotes and stay updated with the status of your rank. We are soon adding more features to the app. What are you still waiting for? Go to Playstore on your phone and download it NOW!
  • October 10, 2018

    New updates on GoComet Dashboard

    We have made some major improvements to GoComet dashboard. Now you can have an overview of your freight cost analysis along wth the number of containers shipped at a glance on the dashboard. There are two more additions to the dashboard, Top Logistics Service Providers (LSP) and the Top Export/Import countries based on the total freight cost. This helps you get a quick analysis on the complete process. Logistics Service Provider (LSP) Get a quick view of your top LSP for every month! Also, you can see the details like total freight cost with the air cargo and container volume details of the LSP. Export/Import Volume & Freight Cost by Country Get a quick view of the all the countries you exported to or imported from in a month! Check the details like percent freight cost and total freight cost for the country at one go. Freight Cost Analysis Analyze your freight cost against the number of containers/shipments at a glance! Check your freight cost trends for easier budgeting and forecasting. These changes in the dashboard will help your team get an overview of your freight spend and volume. We would love to get your feedback for the new dashboard.
  • Have you ever wondered to look at the month on month or year on year trend of the freight that you have been paying for your export and import shipments? Would it not be helpful in order to predict the future freight movement or in making sales decision by factoring in the likely logistics costs? This definitely seems interesting! So, go ahead, dig up those excels/invoices and start collating the data. After all, that data will help you in decision making and directly increment your company’s profits. But alas! The pile of excels is too deep and too much work. What if I told you that you can do something to avoid all this work in the future? What if you can receive all quotes on a platform from your forwarders and get the freight trend reports automatically? GoComet stores freight data of all your shipments for years and years together. It allows you to view and analyse the data according to various parameters such as route, selected forwarder, region etc and download the reports whenever you want. There is also a provision of an interactive dashboard which can be used to change various parameters to see graphs of rate trends, pie charts for shipment distribution etc. Companies procuring freight through GoComet give access of the platform to their marketing teams helping them in making guided sales decisions. The platform also helps you in rating your forwarders based on their freight performance or service levels over various shipments. On the whole, using GoComet for freight procurement helps you in recording data in one place which can be accessed from any place and any time in the form of automatic reports. This helps you in analysing different metrics like forwarder performance or your company’s freight performance or changing trend in the...
  • In the pharmaceutical industry, a large percentage of the business is export oriented. Since the goods are sensitive, i.e. perishable, they require a specific temperature for storing. Due to the nature of the cargo, most of the exports are done via Air cargo only. The freights today are very dynamic and every air shipment is unique as opposed to FCL shipments which largely remains the same irrespective of the tonnage. Hence, it is very important for companies to negotiate rates for each and every shipment in order to maximise their savings. The weight of shipments can vary from anywhere between 10 kg to 5 tonnes or even more. Most pharma companies, big or small have a large number of air shipments where the cargo is small packages weighing less than 500 kg. Since this leads to the volume of shipments being high, it becomes impractical to procure freight in the old manual way of mail and calls. Understanding this limitation, a lot of pharma clients have gone online with their freight procurement process. There has been a latest trend in the pharma industry to adopt GoComet for their freight requirements. Sun Pharma, Lupin, JB Chemicals and Pharma, ACG Pharma, Megafine Pharma are some companies following this trend. A lot of the other biggest names in Mumbai as well as Ahmedabad are also currently testing GoComet and would be subscribing soon. What is the advantage of GoComet versus the manual process or any other platform that is present? GoComet is a very specific tool built specially for international logistics as opposed to any other tool which is used for general procurement. The algorithms of negotiation used in GoComet are able to bring out the hidden savings from the existing vendors which is humanly not possible. Efficiency improvement, man hour reduction, transparency,...
  • August 27, 2018

    GoComet Container Tracking

    There are 40 major shipping lines which transport your cargo from a POL to POD. Once the containers are booked, the job is not done. It is very essential to track the status of the cargo as:1. The cargo is worth thousands if not millions of dollars2. Lack of knowledge of delays in exports can spoil your relations with your customer affecting future business3. In imports, lack of knowledge can result in you ending up paying extra detention charge and ground rent Today, a Shipper (Exporter) or Consignee (Importer) deals with as low as 5 containers to as high as 500 containers in transit at any given point in time. These containers can be on one or multiple shipping lines. How is the container status being tracked?1. Manually going to every shipping lines website, putting container number, checking the status and populating excels daily2. Compiling DSRs from freight forwarders/CHAs and updating status daily This process is human dependent and requires a lot of time to be invested to be 100 percent accurate. But, you can automate this process through GoComet’s advanced Container Tracking.1. Just upload an excel with all container numbers on the platform2. View live status of all containers on one dashboard3. Get daily MIS in excel format about the status of containers4. Automated email notification in case of any delays from the planned date5. Automated notifications two days before your cargo is about to reach the destination6. Access to a map-based tracking to quickly view the vessel location The GoComet Container Tracking is being used by a lot of forwarders to provide DSRs to their respective clients. It is only logical to track on your own when you can have access to the same platform. Tracking your shipments have lots of advantage and here are the reasons why you should.
  • GoComet is a cloud based platform which helps you in automating your international freight procurement and rate reduction process, leading to lowest freights and increased savings month on month. Now the question is how much of your time needs to be invested to start GoComet? From the management’s point of view, not more than 30 minutes are required for conducting a demonstration and understanding the platform. Once after the initial demonstrations, the management’s involvement is limited to evaluating the savings after a mutually agreed period of time. Since it is a matter of cost savings, it has been seen that the idea appeals to CFOs most. There are actual cases of companies where the CFOs have taken the lead to evaluate the platform and execute it. Once the management decides to go for the platform, the accounts are created within minutes since it is hosted on cloud servers and no physical servers and processes need to be set up. The user training is done in one meeting. Today, there are 1000 plus freight forwarders quoting for multiple clients on the platform. The freight agents are well aware of GoComet as most of them are using the platform for at least one of their clients, hence their on boarding and training doesn’t require much time. Summarising the three simple steps to activate your GoComet account:1. Demonstration to management, 30 minutes required.2. Creating and setting up accounts is done almost instantly by just noting down basic details, name of person, contact details etc.3. Training users, maximum 1 hour required. Training freight forwarders completed within 2 days. So do you have a little time to invest in order to decrease your costs? Or are you’re too busy with your day to day work? GoComet is the world’s best platform to make freight procurement efficient and fast. Our...
  • Manufacturers all over the world have been importing and exporting for ages. While international trade has existed throughout history, its economic, social, and political importance has been on the rise in recent centuries. This has brought along with it similar operational processes, issues and inefficiencies world wide. Just like India, in other countries as well, the shipper needs to negotiate with freight brokers and agents to get the best possible quotes. How do you think do they manage this process? Markets in South East and Middle East Asia operate in a similar way to India. They send inquiries on mail, receive rates, then compile and compare. Their entire process is manual and face similar problems in productivity, efficiency, lowest cost discoverability. Now the question is whether they would adopt a solution which would help them solve their existing problems. A solution which would help them:1. In saving costs.2. To reduce man hours through automation of processes.3. To increase transparency allowing inexpensive inefficient audits. In theory, this seems like an obvious choice. Today, GoComet is present all over South East Asia in countries like Singapore, Indonesia, Thailand among others. Solving international logistics inefficiencies for clients in this region currently and slowly shifting focus to other parts of the world. The GoComet solution is the answer to a universal problem in the area of freight procurement. Did you try it yet? GoComet is the world’s best platform to make freight procurement efficient and fast. Our enterprise SaaS product is used by manufacturing companies to drive sharp reverse auctions bringing out the best possible end to end rates for international shipments.
  • Do you feel that adopting technology is difficult for you? Do you struggle to keep up with the new advancements in technology? Are you hesitating to try out new products because of your fear of not being able to learn? Agreed that GoComet is the latest technological product in international freight procurement. Obviously, it is able to reduce your work and save lots of time for you. But is it difficult to learn and adopt? Let’s take a look at some statistics. Out of 2845 user accounts created till date, 2477 accounts are still active with at least 1 activity every 2 days. The transition time from first login to active usage is around 4 hours. It would now be pretty clear that, adoption of GoComet platform is very easy as it is a very user friendly platform. Of course everybody had apprehension in the beginning but once they tried the product, the numbers mentioned above speak for themselves. GoComet functions on 3 simple screens.Screen 1: An inquiry creation form where the basic details of the type of container, origin port, destination port etc are mentioned.Screen 2: Vendor Master to share inquiry with vendors with the click of a button and receive quotes which are automatically arranged in a comparative format from lowest rate to highest rate with all the required parameters such as carrier name, transit time etc.Screen 3: Repository of all inquiries where you can view historical rates, active, completed, discarded inquiries. Tracking of containers is also simplified. Just update the container numbers and get live email updates of delays, arrival etc. No need to go on multiple websites to track, get everything on one screen. GoComet is the world’s best platform to make freight procurement efficient and fast. Our enterprise SaaS product is used by manufacturing companies to drive sharp...
  • Research shows that only 30% of shipping quotes are provided in 48 hours or less. 14% take over 4 days and over 40% of quote requests are never responded to. What happens when your forwarder does not quote to you in time?1. Your shipments get delayed because you don’t have clarity on the price at which you have to book the container.2. You end up paying higher due to lack of time to negotiate better freights.3. You have to invest time to continuously follow up with multiple forwarders until they quote a low freight to you. Why does the forwarder not quote instantly?1. It is a human tendency to procrastinate work unless triggered by external factors.2. The forwarders take you for granted and feel that they are obligated to get the business because they know that you are dependent on them.3. There is no competitiveness as they are not aware of their quote’s standing. There is no incentive for them to re work and give a lower quote. GoComet helps you in getting instant and lowest quotes from your forwarders.1. The forwarder is always aware about his ranking for all enquiries. So he is constantly working to quote the lowest and improve his ranking.2. You can fix a time for every enquiry on GoComet, creating a defined deadline for the forwarder to quote.3. Forwarder is notified on email about the status of enquiries and you don’t need to call or follow up. The platform does this job for you. Use GoComet and reduce your TAT (Turn around time) for receiving multiple negotiated quotes in as low as 2 hours with minimal time spent and minimal effort put in. GoComet is the world’s best platform to make freight procurement efficient and fast. Our enterprise SaaS product is used by manufacturing companies to drive sharp reverse auctions bringing out the best...
  • GoComet helps clients to save cost on international freight while reducing time and effort by automating freight procurement. The platform not only eases the day to day tasks of your vendors but also enables them to quote competitive rates continuously. The two processes are linked after all! The only metric to win a bid is merit! GoComet provides a transparent platform for all forwarders to compete fairly for every client enquiry. The forwarder is aware while quoting that the client is only interacting with him and other participants on the platform and nowhere else. This makes the bidding fair, eliminating the possibility of any under hand tactics. Such a scenario gives the forwarder confidence that the only metric to win business is merit. Hence, the best and lowest possible quotes are worked out from forwarder’s side increasing scope of savings for client. Why does your forwarder quote lower on the platform? The participants are aware at all times about their ranking for all enquiries enabling them to rework, reduce margins and bag more business. In order to update quotes on the platform, they don’t need to input rates again and again. The platform is intelligent and allows auto copying of previous rates for a similar port or auto filling shipping line charges by inputting name of the liner. All this makes their work easy, saving time being wasted earlier in doing manual entries and allowing them to work better on quotes. Forwarders are loving GoComet today! DHL, Dachser, DB Schenker, JM Baxi, Kuehne Nagel, Panalpina, Jeena, Khimji Poonja, Interport are some of the well-known forwarders out of 1000 plus long list, quoting on GoComet platform for their existing clients. Today forwarders want all their clients to adopt GoComet so that bidding becomes fair everywhere and they can win more business...